No interest shall accrue on any security after it becomes due and payable, provided funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for payment without default.
§ 72-18-61 NMSA 1978
Interest after maturity
Known as the Flood Control District Act
The act spans §§ 72–72 (72 sections).
Laws 1981, ch. 377, § 61.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.